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Reforms to the Supervision of Australia's Financial Markets - Exposure Draft of Fees Regulations and Consultation Paper

Date:

Friday, 18 June 2010

Content ID:

1836

Abstract:

In August 2009 the Treasurer and the Minister for Financial Services, Superannuation and Corporate Law announced that the Government had decided to transfer the responsibility for supervision of Australia's domestic licensed financial markets from market operators to the Australian Securities and Investments Commission (ASIC).

The Corporations Amendment (Financial Market Supervision) Act 2010, giving effect to that decision, received Royal Assent on 25 March 2010.

The Corporations (Fees) Amendment Act 2010 supports this transfer of supervision by allowing ASIC to levy fees on market operators to cover its costs for supervision. The proposed Corporations (Fees) Amendment Regulations 2010 support this Act. They provide details of the proposed fees structure, including dates, amounts, and other points of reference by which fees will be levied.

The consultation paper seeks comments on the exposure draft of the proposed regulations.

Making a submission

Interested parties are invited to comment on the draft regulations and the paper. While submissions may be lodged electronically or by post, electronic lodgement is preferred. For accessibility reasons, please submit responses sent via email in a Word or RTF format. An additional PDF version may also be submitted.

All information (including name and address details) contained in submissions will be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence. Automatically generated confidentiality statements in emails do not suffice for this purpose. Respondents who would like part of their submission to remain in confidence should provide this information marked as such in a separate attachment. Legal requirements, such as those imposed by the Freedom of Information Act 1982, may affect the confidentiality of your submission.

Closing date for submissions: Monday, 28 June 2010

Address written submissions to:
Market Integrity Unit
Corporations and Financial Services Division
The Treasury
Langton Crescent
PARKES ACT 2600

Fax: (02) 6263 2770

Email: marketsupervision@treasury.gov.au

For enquiries please call Marian Kljakovic (02) 6263 2804.

Documents Available:


Acrobat (PDF) documents

 Acrobat (PDF)

Exposure Draft  39.01kb
Commentary  20.76kb

Microsoft Word (RTF) documents

 Microsoft Word (RTF)

Exposure Draft  357.36kb
Commentary  45.11kb

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